PAKKA
PAKKA LIMITED
Sustainable packaging solutions including wrap-and-carry paper products and food services tableware
Commodities›Forest Materials›Paper, Forest & Jute Products›Paper & Paper Products
pakka.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
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Price & valuation
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What you need to know
Pakka makes paper and pulp from bagasse (sugarcane residue) and paper-based, compostable packaging and food-service products, selling to businesses such as restaurant chains and caterers, to online shoppers, and to export customers.
Company snapshot
12thBy market cap
Ranked among 22 companies in Paper & Paper Products.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 89.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Moulded Products | 14.4% | 45 Cr | -2 Cr | — |
| Paper & Pulp | 89.1% | 280 Cr | 49 Cr | — |
Shares add up to 103% because segment revenues are before inter-segment eliminations.
What we see
- ✗Net margin is very thin at 1.8% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105 Cr | 99 Cr | 95 Cr | 97 Cr | 111 Cr | 106 Cr | 92 Cr | 82 Cr | 76 Cr | 97 Cr | 101 Cr | 117 Cr |
| Operating expenses (approx.) | 85 Cr | 81 Cr | 76 Cr | 78 Cr | 91 Cr | 91 Cr | 86 Cr | 76 Cr | 75 Cr | 83 Cr | 92 Cr | 102 Cr |
| EBITDA | 20 Cr | 18 Cr | 18 Cr | 18 Cr | 20 Cr | 15 Cr | 6 Cr | 6 Cr | 2 Cr | 14 Cr | 9 Cr | 15 Cr |
| OPM % | 19.4% | 18.4% | 19.3% | 19.0% | 18.4% | 14.3% | 6.2% | 7.2% | 2.3% | 14.4% | 8.9% | 13.1% |
| Other income | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 4 Cr | 5 Cr | 4 Cr | 1 Cr | 3 Cr | 3 Cr | 4 Cr | 2 Cr |
| Interest | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 2 Cr | 4 Cr | 5 Cr |
| Depreciation | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr |
| Profit before tax | 17 Cr | 15 Cr | 15 Cr | 14 Cr | 18 Cr | 14 Cr | 3 Cr | 0.16 Cr | -2 Cr | 11 Cr | 5 Cr | 8 Cr |
| Tax % | 33.3% | 33.1% | 46.6% | 36.9% | 6.4% | 34.6% | -14.7% | 1083.2% | -4.6% | 33.7% | 35.3% | 29.9% |
| Net profit | 11 Cr | 10 Cr | 8 Cr | 9 Cr | 17 Cr | 9 Cr | 3 Cr | -2 Cr | -2 Cr | 7 Cr | 3 Cr | 6 Cr |
| EPS (₹) | ₹2.90 | ₹2.56 | ₹2.06 | ₹2.18 | ₹4.30 | ₹2.17 | ₹0.76 | ₹-0.39 | ₹-0.47 | ₹1.57 | ₹0.68 | ₹1.29 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 291 Cr | 408 Cr | 405 Cr | 406 Cr | 356 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 228 Cr | 329 Cr | 323 Cr | 346 Cr | 326 Cr | Sign in free for the trailing twelve months |
| EBITDA | 63 Cr | 79 Cr | 82 Cr | 60 Cr | 31 Cr | Sign in free for the trailing twelve months |
| OPM % | 21.5% | 19.4% | 20.2% | 14.7% | 8.6% | Sign in free for the trailing twelve months |
| Other income | 8 Cr | 12 Cr | 9 Cr | 15 Cr | 11 Cr | Sign in free for the trailing twelve months |
| Interest | 9 Cr | 11 Cr | 9 Cr | 10 Cr | 12 Cr | Sign in free for the trailing twelve months |
| Depreciation | 10 Cr | 13 Cr | 14 Cr | 16 Cr | 17 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 51 Cr | 67 Cr | 67 Cr | 48 Cr | 14 Cr | Sign in free for the trailing twelve months |
| Tax % | 30.3% | 31.2% | 35.6% | 21.8% | 52.0% | Sign in free for the trailing twelve months |
| Net profit | 36 Cr | 46 Cr | 43 Cr | 38 Cr | 7 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹9.38 | ₹12.10 | ₹11.21 | ₹8.96 | ₹1.45 | Sign in free for the trailing twelve months |
| Dividend payout % | 9.9% | 16.5% | 21.7% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 38 Cr | 38 Cr | 39 Cr | 45 Cr | 45 Cr |
| Reserves | 127 Cr | 168 Cr | 212 Cr | 407 Cr | 418 Cr |
| Borrowings | 104 Cr | 104 Cr | 184 Cr | 225 Cr | 460 Cr |
| Other liabilities | 55 Cr | 64 Cr | 72 Cr | 62 Cr | 193 Cr |
| Total liabilities | 324 Cr | 373 Cr | 507 Cr | 738 Cr | 1,117 Cr |
| Fixed assets (net) | 172 Cr | 192 Cr | 198 Cr | 208 Cr | 207 Cr |
| CWIP | 18 Cr | 19 Cr | 45 Cr | 159 Cr | 587 Cr |
| Investments | 0.0018 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr |
| Loans & advances | 0.35 Cr | 0.51 Cr | 1 Cr | 2 Cr | 0.43 Cr |
| Inventories | 79 Cr | 98 Cr | 111 Cr | 132 Cr | 146 Cr |
| Trade receivables | 23 Cr | 24 Cr | 40 Cr | 46 Cr | 46 Cr |
| Cash & bank | 5 Cr | 1 Cr | 55 Cr | 67 Cr | 18 Cr |
| Other assets | 28 Cr | 36 Cr | 54 Cr | 123 Cr | 112 Cr |
| Total assets | 324 Cr | 373 Cr | 507 Cr | 738 Cr | 1,117 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operating activity | 32 Cr | 48 Cr | 47 Cr | 11 Cr | 75 Cr |
| Cash from investing | -29 Cr | -38 Cr | -69 Cr | -178 Cr | -367 Cr |
| Cash from financing | 2 Cr | -13 Cr | 76 Cr | 178 Cr | 243 Cr |
| Net cash flow | 5 Cr | -4 Cr | 54 Cr | 12 Cr | -49 Cr |
| Free cash flow (OCF − Capex) | 3 Cr | 8 Cr | -13 Cr | -180 Cr | -298 Cr |
Ratios
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROCE % | 22.5% | 25.3% | 17.6% | 8.6% | 2.7% |
| ROE % | 21.6% | 22.4% | 17.3% | 8.3% | 1.4% |
| Debtor days | 28 | 22 | 36 | 41 | 47 |
| Inventory days | 244 | 231 | 260 | 295 | 370 |
| Days payable | 34 | 21 | 30 | 34 | 104 |
| Cash conversion cycle | 238 | 231 | 267 | 303 | 314 |
| OCF / EBITDA % | 51.7% | 59.9% | 57.4% | 18.7% | 245.0% |
| OCF / EBITDA % (3 years) | — | — | 56.7% | 47.8% | 77.4% |
| Debt / equity | 0.63 | 0.50 | 0.73 | 0.50 | 0.99 |
| Current ratio | 1.19 | 1.28 | 2.12 | 1.94 | 1.28 |
| Net debt / EBITDA | 1.58 | 1.29 | 1.57 | 2.64 | 14.43 |